Property listing ID: 817704
After nearly 5 decades in the family this classic Papatoetoe home is now searching for its new owner, and with that comes ringing alarm bells to the sound of a strong yielding investment with future development opportunity. As your house and land continues has the potential for growth in capital, put your mind at ease as this investment carries a strong yield with rent in place until at least 2023 with an orthodontics surgery successfully operating from the residence for years affording you a rental income of $52,000+GST/pa. As a long term hold with equitable gains the perfect tenant is happy to continue its practice for years to come with the right to renew until 2027. As this location simply cannot be beat and continues to attract a multitude of potential buyers for a multitude of opportunities, look to the future and plan ahead what possibilities you may be able unlock as this ideal site is uniquely located in the ever sought-after Mixed Housing URBAN Zone. A prime site for prime development potential. (Any and all future site activity is subject to council approval and guidelines) With its gorgeous external brickwork, spacious 678m2 (more or less) section, and immaculately kept grounds, this is the perfect arena set to stage your investment for years to come, all situated in the heart of Papatoetoe with a walking distance to literally EVERYTHING as only a mere 200m away you will find all the shopping, businesses, amenities and public transport you need. And with only 25 minutes to Auckland CBD, 7 minutes to Middlemore hospital, 10 minutes to Westfield Manukau, 15 minutes to Auckland Airport and only 1 minute to both north and south bound motorways, connected by location takes on a whole new meaning. Ladies and gents this incredible land bank opportunity is absolutly a rare opportuntiy and carries great support for your investment for years to come as you look forward to future plans with this wonderful parcel of land in a location. Call today for the opportunity to have a look at what might just be the best business decision you have ever made.
Listed by Barfoot & Thompson , Cameron Archer (Manurewa) , Emma Phillips (Manurewa)